Company Restaurant License Fees definition

Company Restaurant License Fees means the licensing fee payable by the applicable Non-Securitization Entity to the applicable Franchise Entity pursuant to the Company Restaurant Licenses equal to (i) four percent (4%) of the Gross Sales of each Applebee’s Brand Company Restaurant, if any, to the Applebee’s Franchise Holder (paid monthly) or (ii) four and a half percent (4.5%) of the Gross Sales of each IHOP Brand Company Restaurant, if any, to the IHOP Franchise Holder (paid weekly).
Sample 1
Company Restaurant License Fees means the licensing fee payable weekly to the Franchise Holder pursuant to the Company Restaurant Licenses equal to (i) in the case of Wendy’s Properties and certain Non-Securitization Entities that hold Company Restaurants in the United States, four percent (4.0%) of the Gross Sales of each Wendy’s Brand Company Restaurant and (ii) in the case of Wendy’s Canada, as owner of Company Restaurants in Canada, the U.S. dollar equivalent of three percent (3.0%) of the Gross Sales of each Wendy’s Brand Company Restaurant.
Sample 1
Company Restaurant License Fees means the licensing fee payable to the Franchise Holder pursuant to the Company Restaurant Licenses, which, (i) in the case of Wendy’s Properties and certain Non-Securitization Entities that hold Company Restaurants in the United States, shall be payable weekly and equal to four percent (4.0%) of the Gross Sales of each Wendy’s Brand Company Restaurant, (ii) in the case of Wendy’s Canada, as owner of Company Restaurants in Canada, shall be payable weekly and equal to the U.S. dollar equivalent of three percent (3.0%) of the Gross Sales of each Wendy’s Brand Company Restaurant and (iii) in the case of any Non-Securitization Entities that hold Company Restaurants in one or more countries other than the United States and Canada, shall (directly or indirectly via the applicable Non-Securitization Entity franchisor) be calculated at an arm’s length rate and otherwise payable on arm’s length terms (including as to the timing of payments, which in any event shall occur no less frequently than monthly) determined by the Manager in accordance with the Managing Standard.
Sample 1

More Definitions of Company Restaurant License Fees

Company Restaurant License Fees means the licensing fee payable to the Franchise Holder pursuant to the Company Restaurant Licenses, which, (i) in the case of Wendy’s Properties and certain Non-Securitization Entities that hold Company Restaurants in the United States, will be payable weekly and equal to four percent (4.0%) of the Gross Sales of each Wendy’s Brand Company Restaurant, (ii) in the case of Wendy’s Canada, as owner of Company Restaurants in Canada, will be payable weekly and equal to the U.S. dollar equivalent of three percent (3.0%) of the Gross Sales of each Wendy’s Brand Company Restaurant and (iii) in the case of any Non-Securitization Entities that hold Company Restaurants in one or more countries other than the United States and Canada, will be calculated at an arm’s length rate and otherwise payable on arm’s length terms (including as to the timing of payments, which in any event shall occur no less frequently than monthly) determined by the Manager in accordance with the Managing Standard.
Sample 1

Related to Company Restaurant License Fees

  • CREFC® Intellectual Property Royalty License Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0005% per annum.

  • License Type means the identification of whether the license for a Software Product is for a Perpetual Term or Subscription Term as specified in the Quote.

  • Trademark Licensee means any corporation, partnership, limited liability company or similar legal entity (and not a person) that has a written trademark license agreement with Registry Operator or its Affiliate, for use of the registered trademark owned by Registry Operator or its Affiliate, the textual elements of which correspond exactly to the .Brand TLD string operated by Registry Operator, where:

  • Named User License means the Metric and Licensed Level applicable to each Named User.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Trademark License Agreement means that certain Trademark License Agreement in substantially the form attached hereto as Exhibit F.

  • Trade Names means any words, name or symbol used by a Person to identify its business.

  • Patent License Agreement means the Patent License Agreement substantially in the form of Exhibit C.

  • Free Trade Agreement country end product means an article that—

  • Trademark License means any written agreement granting any right to use any Trademark or Trademark registration, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.

  • CREFC® Intellectual Property Royalty License Fee With respect to each Mortgage Loan (including any REO Mortgage Loan) and for any Distribution Date, the amount accrued during the related Interest Accrual Period at the CREFC® Intellectual Property Royalty License Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the CREFC® Intellectual Property Royalty License Fee shall be payable from the Lower-Tier REMIC.

  • End User License Agreement means a license grant or end user license agreement governing software as further described in this Agreement or any applicable Appendix.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Licensed Site means a place in any authorised street at which street trading may be engaged in by a Licence Holder, and includes any temporary alternative place approved by the Council or a duly authorised Officer of the Council.